Bitcoin Futures Open Interest Surges to $61.6 Billion, Led by CME and Binance

As of December 7th, data from Coinglass reveals that the total open interest in Bitcoin futures contracts stands at 617,300 BTC, which equates to approximately $61.6 billion. This significant figure underscores the heightened trading activity in the cryptocurrency market. Notably, the CME Bitcoin futures contracts lead the pack with an open interest of 195,620 BTC (around $19.51 billion), thereby maintaining its position as the market’s primary platform for institutional Bitcoin trading. In second place, Binance futures contracts exhibit an open interest of 123,270 BTC (approximately $12.31 billion), showcasing a noteworthy level of engagement among retail investors. The robust activity in these derivatives emphasizes the growing interest and liquidity within the Bitcoin market, highlighting its pivotal role in the broader financial ecosystem.